Coal

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Wintime Energy to acquire 53.125 pct stake in Beijing-based energy company

Thursday, 26 Mar 2015 08:00pm EDT

Wintime Energy Co Ltd:To acquire 53.125 pct stake in Beijing-based energy company, which is engaged in construction, operating of power plant (station) and manufacturing, processing, sale of power and energy equipment.Transaction price of 1,275 mln yuan.To hold 63.125 pct stake in Beijing-based energy company.

Tuya Energy obtains final order for arrangement with Colonial Coal International

Thursday, 26 Mar 2015 05:07pm EDT

Colonial Coal International Corp and Tuya Energy:Says Tuya has obtained a final order from the Supreme Court of British Columbia approving the plan of arrangement pursuant to which Colonial will acquire all of the issued and outstanding common shares of Tuya.Receipt of the final order follows approval of the Arrangement by shareholders of Colonial and Tuya at their respective shareholders' meetings held on March 19.Under the Arrangement, each Tuya shareholder will be entitled to receive 0.5 of a common share of Colonial for each Tuya Share held.Arrangement remains subject to the satisfaction of other closing conditions customary in a transaction of this nature.Says it is currently expected that the transaction will be completed on or about March 31.

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